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FROM THIS MONTH'S ISSUE:Year in Review: From Bad to Worse in 2009, but Imaging Industry Still Innovates
Last year, when describing the economic calamities of 2008, we evoked W.B. Yeats's apocalyptic poem, "The Second Coming," in which the poet writes, "Things fall apart; the center cannot hold." This year, the literary allusion that comes to mind is Timothy Egan's The Worst Hard Time, which tells the story various Americans who lived through the Dust Bowl. Like the current Great Recession, this event was cataclysmic, largely manmade, and stretched on for far longer than many had hoped.
Without question, for most imaging industry participants, 2009 was the worst hard time. With companies shuttering their doors, laying off workers, and issuing strict cost controls to survive, businesses printed fewer pages. Cortney Kasuba, senior analyst for Lyra's Hard Copy Supplies Advisory Service (SAS), says, "This year, total page usage declined due mainly to a smaller employee base. While some printing requirements were transferred to other stillemployed people, others became unnecessary. In addition, with many companies implementing cost-saving strategies, lots of companies put restrictions on printing. Some of these habits will become permanent changes, while others will revert back once companies feel more stable. Color volumes suffered in 2009, and black output on color machines, as a share of output, increased." She notes, "As far as I know, this is the first time we have seen the toner cartridge and container market shrink."
Andy Lippman, also a senior analyst for Lyra's SAS, says that things were no brighter on the consumer side of the industry. He tells us that due to the economic recession and weak customer demand, worldwide ink jet cartridge revenue fell 4 percent from 2008 to 2009, adding the discouraging news that the ink jet cartridge market is projected to remain depressed until slight revenue growth resumes in 2012. Lippman asserts, "The size and breadth of the current recession and the relative maturity of the printer market have made this industry downturn one for the history books."
There's much more to this story. To order your subscription to The Hard Copy Supplies Journal click here. | 
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